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New York Fed Names James J. McAndrews and Simon M. Potter as Executive Vice Presidents and Co-Heads of Research and Statistics Group

January 21, 2010

NEW YORK—James J. McAndrews and Simon M. Potter have been named executive vice presidents and co-heads of the Research and Statistics Group, of the Federal Reserve Bank of New York.

Mr. McAndrews will serve as director of financial research and will be a member of the Bank’s Management Committee. He had been a senior vice president in the money and payments studies function since June 2007 and associate director of the Research and Statistics Group since January 2009.

Mr. McAndrews joined the Bank in August 1997 as a senior economist, transferring from the Federal Reserve Bank of Philadelphia. He was named an officer of the New York Fed in June 1998 and was assigned to the payments studies function. He was promoted to assistant vice president in June 2000 and to vice president in December 2001, both in the same area.

Mr. McAndrews holds a bachelor's degree and a doctorate from the University of Iowa.

Mr. Potter will serve as director of economic research and will be the Federal Open Market Committee representative for the Group. He had been a senior vice president in the macroeconomics and monetary studies function since January 2008 and associate director of the Research and Statistics Group since January 2009.

Mr. Potter joined the Bank in June 1998 as an economist and was named an officer of the New York Fed in January 2004, assigned to the domestic research function. He was promoted to assistant vice president in June 2005 and vice president in January 2007, both in the same area.

Mr. Potter holds a bachelor's degree and a master's degree from Oxford University, United Kingdom and a doctorate from the University of Wisconsin.